Corporate Office Properties Trust (OFC) Given a $29.00 Price Target at SunTrust Banks

Corporate Office Properties Trust (NYSE:OFC) received a $29.00 target price from research analysts at SunTrust Banks in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ price target would indicate a potential upside of 9.97% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Robert W. Baird set a $28.00 target price on Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Friday. ValuEngine downgraded Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, October 18th. Evercore ISI upgraded Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, Bank of America downgraded Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.14.

Corporate Office Properties Trust (OFC) opened at $26.37 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.53 and a quick ratio of 1.53. Corporate Office Properties Trust has a 52 week low of $25.09 and a 52 week high of $36.03. The company has a market capitalization of $2,563.94, a PE ratio of 46.26 and a beta of 0.68.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.43). Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.85%. The firm had revenue of $164.57 million during the quarter, compared to analysts’ expectations of $143.44 million. During the same quarter last year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. equities research analysts forecast that Corporate Office Properties Trust will post 2.02 EPS for the current fiscal year.

In related news, insider Paul R. Adkins purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was bought at an average price of $29.06 per share, for a total transaction of $290,600.00. Following the purchase, the insider now owns 29,465 shares in the company, valued at approximately $856,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lisa G. Trimberger purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were bought at an average price of $30.39 per share, with a total value of $91,170.00. Following the purchase, the director now owns 1,464 shares in the company, valued at approximately $44,490.96. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Corporate Office Properties Trust during the 4th quarter worth about $237,000. Cubist Systematic Strategies LLC bought a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth about $248,000. ARP Americas LP bought a new stake in shares of Corporate Office Properties Trust during the 4th quarter worth about $266,000. Shelton Capital Management acquired a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth about $293,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Corporate Office Properties Trust during the 3rd quarter worth about $314,000.

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About Corporate Office Properties Trust

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

Analyst Recommendations for Corporate Office Properties Trust (NYSE:OFC)

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